Introduction
These broking companies are providing several trading facilities to their consumers. A relative study of 5 Paisa vs SAS Online can lead you to the best.
5Paisa started its journey from Mumbai as a discount broker in 2016. It is a part of the IIFL (India Infoline Finance Ltd) family.
Also, it charges brokerage INR.10/- per trade – which is the lowest recorded brokerage charge to date in India.
On the other hand, SAS Online (South Asian Stocks Ltd.) incorporated in 2013 as a discount broking organization.
It has its depository participant service. It also has brokerage plan options. SAS Online doesn’t have any NRI trading facility also.
Notable Feature:
5Paisa:
- Enables Instant paperless account opening with Aadhaar.
- In association with various insurance companies offers different insurance to the customer as an investment option.
- The robotic advisory platform for the investor for a customized experience.
- Flat INR. 10/- brokerage for currency derivatives, Future, option & Equity cash.
SAS Online:
- IPO, Mutual Fund & Bond trading not available.
- A different monthly type plan is available.
- The lowest trading plan offered by SAS Online.
- Marginal trading facility available.
Overall Overview
Here we have compared 5Paisa and SAS Online based on customer ratings available in various public sites.
We can see clearly from this comparison that both 5paisa & SAS Online have similar ratings in terms of brokerage, trading medium, products & customer assistance.
| Particulars | 5Paisa | SAS Online |
| Overall Rating | ✰✰✰✰ | ✰✰✰✰ |
| Brokerage Charges | ✰✰✰✰ | ✰✰✰✰ |
| Trading Platform | ✰✰✰✰ | ✰✰✰✰ |
| Investments Offering | ✰✰✰✰ | ✰✰✰✰ |
| Customer Service | ✰✰✰✰ | ✰✰✰✰ |
| Broker Type | Discount Broker | Discount Broker |
| Exchanges Supported | BSE, NSE | NSE, BSE, and MCX |
Account Opening Charge & Account Maintainance Charge
Considering 5Paisa & SAS Online based on AOC & AMC we get the below-mentioned details.
Here we can see that 5 Paisa offers trading account AMC and DEMAT account opening for free. Conversely, SAS Online offers free AMC on trading & DEMAT accounts.
| Particulars | 5paisa | SAS Online |
| Trading Account Opening Fees | 650 Rupees (Free Now Promotion Offer) | 200 Rupees |
| Trading AMC | Free of cost | Free of cost |
| DEMAT Account Opening Fees | Free of cost | 200 Rupees |
| DEMAT AMC | 45 Rupees PM if Trade, else Zero | Free of cost |
| Provide DP Service | 🗹 | 🗹 |
5Paisa Vs SAS Online Brokerage Plan
Assessing 5Paisa & SAS Online based on brokerage plan we get the below details. Only SAS Online provides Multiple & Monthly types of brokerage plans. 5Paisa doesn’t offer any such plans to its investors.
| Particulars | 5paisa Brokerage | SAS Online Brokerage |
| Multiple Plans | ⌧ | 🗹 |
| Monthly Plans | ⌧ | 🗹 |
| Yearly Plans | ⌧ | ⌧ |
Based on brokerage charge we here have compared 5Paisa & SAS Online as below.
Both brokers offer flat fee-based brokerage charges & also both of them don’t charge minimum brokerage.
| Particulars | 5paisa | SAS Online |
| Plan Name | Flat Fee 20 Rupees Trading Plan | Max 9 Rupees Per Order Trading Plan |
| Equity Delivery | Flat Fee 20 Rupees | 0.1% or 9 Rupees whichever is lower |
| Equity Intraday | Flat Fee 20 Rupees | 0.01% or 9 Rupees whichever is lower |
| Equity Futures | Flat Fee 20 Rupees | 0.01% or 9 Rupees whichever is lower |
| Equity Options | Flat Fee 20 Rupees | Flat Fee 9 Rupees |
| Currency Futures | Flat Fee 20 Rupees | 0.01% or 9 Rupees whichever is lower |
| Currency Options | Flat Fee 20 Rupees | Flat Fee 9 Rupees |
| Commodity Trading | Flat Fee 20 Rupees | Flat Fee 9 Rupees |
| Minimum Brokerage | NA | NIL |
| Hidden Charges | No | No |
| Funding | Yes – 18% interest PA | Yes – 18% interest PA |
| Call & Trade Charges | 100 Rupees per call(No limit of orders) | 20 Rupees per executed Order |
Transaction Fee
In terms of the transaction fee, we can compare 5Paisa & SAS Online as below. Here we can see from the below table, the transaction charge of SAS Online in certain segments are higher than 5Paisa.
| Particulars | 5paisa | SAS Online |
| Equity Delivery | 325 Rupees Per Cr | 325 Rupees Per Cr |
| Equity Intraday | 325 Rupees Per Cr | 325 Rupees Per Cr |
| Equity Futures | 190 Rupees Per Cr | 250 Rupees Per Cr |
| Equity Options | 5000 Rupees Per Cr | 6500 Rupees Per Cr |
| Currency Futures | 110 Rupees Per Cr | 165 Rupees Per Cr |
| Currency Options | 4000 Rupees Per Cr | 6000 Rupees Per Cr |
| Commodity | NA | Non-Agri: 360 Rupees Per Cr Agri: 275 Rupees Per Cr |
Account Feature
Several account features are offered by different broking organizations. Considering 5Paisa & SAS Online based on account feature we derived the below details.
| Particulars | 5paisa | SAS Online |
| 3 in 1 Account facility | ⌧ | ⌧ |
| Charting facility | 🗹 | 🗹 |
| Algo Trading facility | 🗹 | 🗹 |
| SMS Alerts facility | 🗹 | ⌧ |
| Online Demo service | 🗹 | 🗹 |
| Online Portfolio facility | ⌧ | ⌧ |
| Margin Trading Funding Availability | 🗹 | ⌧ |
| Combined Ledger for Equity and Commodity | 🗹 | 🗹 |
| Intraday Square-off Time | 3:15 PM | 3:15 PM |
| NRI Trading facility | ⌧ | ⌧ |
| Other Features | NIL | NIL |
5Paisa Vs SAS Online Trading Terminal
In this digital era, having a safe, secure & simple trading platform can be referred to as a basic need of an investor. Comparing 5Paisa & SAS Online based on the trading terminal we get the below-mentioned details.
| Particulars | 5paisa | SAS Online |
| Desktop Trading Platform | 5paisaTradeStation | Alpha Trader |
| Desktop Platform (Windows) | 🗹 | 🗹 |
| Desktop Platform (Mac) | ⌧ | ⌧ |
| Web Trading Platform | 🗹 | 🗹 |
| Web Trading Detail | 5paisa.com/online-trading | alpha.sasonline.in |
| Mobile Site | 🗹 | 🗹 |
| Mobile Trading | 🗹 | 🗹 |
| Mobile Trading App | 5paisa Mobile App | Alpha Mobile |
| Android Mobile App | 🗹 | 🗹 |
| iPhone Mobile App (IOS) | 🗹 | 🗹 |
| Android Tablet App | 🗹 | 🗹 |
| iPad App (IOS) | 🗹 | 🗹 |
| Trading Software Charges | Free | Free |
Comparison Investment Offering
Comparing 5Paisa & SAS Online based on product offering we derived the below-mentioned details:
| Particulars | 5paisa | SAS Online |
| Equity Cash and F&O | 🗹 | 🗹 |
| Currency Derivatives | 🗹 | 🗹 |
| Commodity | 🗹 | 🗹 |
| Online IPO Application | ⌧ | ⌧ |
| Mutual Funds | 🗹 | ⌧ |
| Bond / NCD | 🗹 | ⌧ |
| ETF | 🗹 | 🗹 |
| Banking | ⌧ | ⌧ |
| Insurance | 🗹 | ⌧ |
| Forex | ⌧ | ⌧ |
| MF SIP Investment | 🗹 | ⌧ |
| Equity SIP Investment | ⌧ | ⌧ |
| PMS Service | ⌧ | ⌧ |
| Other Investment Options | NIL | NIL |
5Paisa Vs SAS Online Leverage/Margin:
In terms of Leverage/Margin comparing 5Paisa & SAS Online we get the below details:
| Particulars | 5paisa Margin | SAS Online Margin |
| Equity Delivery Margin | Maximum 3.5x via Margin Funding. | Maximum 1x Margin through Equity Delivery system, Equity Plus – Up to 4x Margin. |
| Equity Intraday Margin | Maximum 10x or 10% subject to Var and ELM. | Maximum 10x or 10% subject to Var and ELM. |
| Futures Margin | 1x or the particular SPAN + Leverage. | 1x or the particular SPAN + Leverage. |
| Options Margin | 1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share. | 1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share. |
| Equity CO Margin | Maximum 10x or 10% subject to Var and ELM, no additional leverage charges are included for Cover Order. | Maximum 10x or 10% subject to Var and ELM, no additional leverage charges are included for Cover Order. |
| Futures CO Margin | 1x or the particular SPAN + Exposure margin, No additional leverage charges are included for Futures Cover Order. | 1x or the particular SPAN + Exposure margin, No additional leverage charges are included for Futures Cover Order. |
| Options CO Margin | 1x or the particular SPAN + Exposure margin(Selling a share) or Premium Margin(Buying a share), No additional leverage charges are included for Options Cover Order. | 1x or the particular SPAN + Exposure margin(Selling a share) or Premium Margin(Buying a share), No additional leverage charges are included for Options Cover Order. |
| Commodity Margin | 1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share. | 1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share. |
Customer Assistance:
Customer care service is nowadays mandatory for every organization. If we compare 5Paisa & SAS Online based on their respective customer support mechanism we would get the below details:
| Particulars | 5paisa | SAS Online |
| 24/7 Customer Service | ⌧ | ⌧ |
| Email Support | 🗹 | 🗹 |
| Online Live Chat | ⌧ | ⌧ |
| Phone Support | 🗹 | 🗹 |
| Toll Free Number | ⌧ | ⌧ |
| Through Branches | ⌧ | ⌧ |
| Customer Care Number | “+91 89766 89766” | 011-40409999, 011-40409900 |
| Account Opening Process | Online/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] |
| Knowledge Center/Education | 5paisa.com/knowledge-centre | sasonline.freshdesk.com/support/home |
| Head Office Address | 5paisa headquarters Sun Infotech Park, Road No.16V, Plot No.B-23 Thane , Industrial Area, Wagle Estate, Thane – 400604 | SAS Online, 3rd Floor, Building No. 5, Local Shopping Complex, Rishabh Vihar East Delhi – 110092 |
| Website | 5paisa.com | sasonline.in |
Compare DEMAT Account Feature:
Comparing 5Paisa & SAS Online based on DEMAT account feature offering we get the below details:
| Particulars | 5paisa | SAS Online |
| DP Source | CDSL | NSDL |
| DP ID | 82500 | NSDL – IN3 |
| Demat Account Annual Maintenance Charges(AMC) | Monthly Plan – 45 Rupees (In case of any transaction in a month) | 200 Rupees |
| Advance Deposit | NIL | Nil |
| Statutory charges | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.025% or 25 Rupees whichever is higher + CDSL charges | 9 Rupees + NSDL Charges |
| Demat | 15 Rupees per certificate | 2 Rupees per certificate + 35 Rupees courier charges |
| Remat | 15 Rupees for every hundred securities or 15 Rupees per certificate whichever is higher | 0.05% of transaction value or 25 Rupees whichever is higher + CDSL charges |
| Pledge Creation | 50 Rupees | 15 Rupees per transaction |
| Pledge Creation Confirmation | NIL | NIL |
| Pledge Closure | NIL | NIL |
| Pledge Closure Confirmation | NIL | NIL |
| Pledge Invocation | NIL | 50 Rupees per instruction |
| Failed Instruction Charges | NiL | 30 Rupees |
| Other Charges | Nil | Nil |
End Note:
Both 5Paisa & SAS Online are enough famed in their discount brokering segment. They both offer different and many services and products to their customers. Likewise, they are technically advanced to motivate today’s generation to involve in investing.
But apart from having various benefits, both organizations have some faults also. So, every trader should be aware of that before taking the investing decision.
